China Chocolate Market Size

China Chocolate Market Analysis

The China Chocolate Market size is estimated at 3.65 billion USD in 2024, and is expected to reach 4.76 billion USD by 2030, growing at a CAGR of 4.52% during the forecast period (2024-2030).

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3.65 Billion

Market Size in 2024 (USD)

4.76 Billion

Market Size in 2030 (USD)

2.42 %

CAGR (2018-2023)

4.52 %

CAGR (2024-2030)

Largest Segment by Confectionery Variant

63.92 %

value share, Dark Chocolate, 2023

Due to the health benefits and flavor profile, Dark chocolate perceives due to its greater cocoa percentage, rising health awareness is making it larger segment in the region.

Largest Segment by Distribution Channel

41.93 %

value share, Supermarket/Hypermarket, 2023

Consumers' purchasing from supermarkets and hypermarkets is increasing with the wide offerings in stores and the expansion of shelf space for innovative chocolate products.

Fastest-growing Segment by Confectionery variant

4.78 %

Projected CAGR, Dark Chocolate, 2024-2030

The increasing demand for low-fat and sugar-free chocolates, catalyzed by growing health consciousness among individuals, is anticipated to drive demand for Dark Chocolate.

Fastest-growing Segment by Distribution Channel

4.92 %

Projected CAGR, Online Retail Store, 2024-2030

The ease of shopping experience through online channels and the increasing number of retailers present in this channel has become the major driver in the segment.

Leading Market Player

37.95 %

market share, Mars Incorporated, 2022

The presence of exhaustive product offerings, along with a larger distribution network and a wider presence throughout the region, has made Mars a leading market player.

Supermarkets/hypermarkets and convenience stores collectively hold the major share of sales of chocolates among consumers due to the wide availability of products, coupled with discounts offered by them

China Chocolate Industry Segmentation

Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel.

• In China, the overall retailing segment has maintained a growth of 3.92% in 2023 as compared to 2022. The growth is anticipated with the consumers' growing inclination for convenience shopping facilities in the market. Aspects such as rising interest in in-person shopping and demand for discount offers, etc., are likely to drive the retailing industry drastically. During the forecast period, it is estimated that the overall retailing unit in China will attain a growth of 4.64% by volume share.
• Under the overall retailing segment, the convenience store segment is considered the largest retailing unit by volume in 2023. Some of the famous stores in China are Easy Joy, Meiyijia, uSmile, and others. By 2026, the convenience store segment in China is estimated to preserve a growth of 3.34% by volume share compared to 2025.
• Supermarkets and hypermarkets are marked as the second-largest units in the Chinese chocolate market. These stores have a tendency to offer a wide range of chocolate products with innovative offers to their customers. It is reported that the sales volume of chocolate products in supermarkets and hypermarkets grew by 4.22% in 2022 and is anticipated to register a CAGR of 19.7% during 2026-2028 in China.
• Online retailing or e-commerce retailing is considered the fastest-growing retailing unit in China. The e-commerce business accounted for a CAGR of 5.92% in 2023. The major aspect that is influencing the acceleration of e-commerce websites is associated with the greater convenience offered by these websites, such as home shopping, 24*7 product purchasing options, and others. In addition, the increasing number of internet users is expected to drive this industry significantly.